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According to Eurostat, the eurozone ended the third quarter of 2016 with the lowest debt ratio since the end of 2012, €9.61 trillion.This corresponds to 90.1% of the eurozone’s GDP – 1.1% less than last quarter when it was 91.2% of GDP.

The BBVA Global Markets Research team presented the conclusions of its 2017 strategic equity report. According to BBVA analysts, the positive cyclical momentum is set to continue, with the metal & mining, oil & gas, construction materials, healthcare and telecommunications sectors becoming the best performing industries in Europe. In Spain, the Real Estate sector is expected to be the most dynamic in 2017.

Just like in past editions, the 47th World Economic Forum annual meeting in Davos drew worldwide attention. Hard brexit, Donald Trump’s presidential inauguration, employment, the future of Europe, the transformation of the banking industry and the challenges for 2017 after a somewhat turbulent year, were the themes that dominated the debate.

According to the latest customer survey by Mercator Advisory Group, 65% of all survey respondents and 78% of those between the age of 18 and 34 in the U.S. use payment services like PayPal, Google Checkout, Pay by Amazon and other services available online or as mobile apps. Many having been doing so since 2014.

BBVA’s Global Executive Chairman says that the global financial system will experience a major overhaul that will drastically reduce the number of institutions from the current 20,000 to no more than a few dozen players. “BBVA will be one of them,” he indicated, adding that, “BBVA wants to be a truly digital house.” He also recalled that it’s important to “master the exponential technologies such as the cloud, AI, and big data” in order to be a player in this new league.